This property looks like a bad Mid-Term investment with a projected -5.14% first-year return on $124k initial cash invested.
-5.14%
Cash On Cash
5.31%
Cap Rate
0.85
DSCR
$3,608
Rent
-$531
Cashflow
Cash Flow
$3,608 income − $4,139 expenses = $531 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,047
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,608
Total Expenses
$4,139
Mortgage P&I
73%
$2,619
Property Taxes
4%
$128
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397